RazorSecure preserves critical transport systems from the growing risks of cybercrime
RazorSecure announced to rise £2.6 million to support its international expansion. The rail and aviation sectors are the company’s primary customers, however, RazorSecure aims to serve a broader market. It considers the automotive and shipping industries in the UK and worldwide as the next steps.
RazorSecure plans to use the funding to enter new sectors and to boost its team from 12 to 27 people to deliver its strategy.
The investment comes from Dutch VC fund Mainport Innovation Fund II, growth investor Wentworth Limited and Europe’s leading IoT investor, Breed Reply. RazorSecure has so far raised more than £4 million, including the new round.
Since its launch in 2015, RazorSecure has worked with numerous transport operators and system suppliers to protect their brand reputation and their systems from cyberattacks. RazorSecure’s software uses AI to detect how a system operates typically and then identifies any deviation from it as a possible threat.
The RazorSecure solution doesn’t require a permanent connection to the internet, which is critical in transport systems.